CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Market talk China to study yuan devaluation...>

FOREX
FOREX: Market talk China to study yuan devaluation as a tool
- A somewhat quiet European morning session with lack of data to drive reacted
after Bloomberg headlines that said China is to study Yuan devaluation as a tool
in trade spat. Usd/Cnh spiked from Cnh6.2950 to Cnh6.3253.
- Usd/Jpy opened firm to Y107.13, before quickly reversing gains on the China
news story. The pair later recovered to print highs of Y107.16.
- Kiwi remained the biggest outperformer in G10 (+0.45%) with no real newsflow
behind the move. The earlier China rumours pressured Aud/Usd to $0.7665 with
recovery efforts capped by Aud/Nzd printing 9-month lows. A break of the NZ$1.05
level opens NZ$1.0494/87 (Jul13 low, 76.4% 1.0238-1.1291).
- GBP witnessed a modest uptick after the release of stronger UK Halifax house
price data, but remained anchored to its $1.4077-1.4118 range. Eur/Gbp tests the
key Gbp0.8700 area, the cross has breached this level three times previously on
an intra-day basis since December, but failed to close below here.
- PM Orban's Fidesz party won Hungary's election with talk of securing a
supermajority. Eur/Huf eased to Huf311.62, support Huf311.10 (50% of 2018 range)
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.